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Enegex Limited (AU:ENX)
ASX:ENX
Australian Market

Enegex Limited (ENX) AI Stock Analysis

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AU

Enegex Limited

(Sydney:ENX)

Rating:40Neutral
Price Target:
Enegex Limited's financial performance is a major concern due to persistent losses and cash flow challenges. The stock shows technical strength with positive price momentum, but it is overbought, which could lead to a correction. Valuation metrics are poor, with negative earnings and no dividend to attract investors. These factors combine to produce a low overall score, suggesting caution for potential investors.

Enegex Limited (ENX) vs. iShares MSCI Australia ETF (EWA)

Enegex Limited Business Overview & Revenue Model

Company DescriptionEnegex Limited explores for, evaluates, and invests in natural resource properties in Australia. The company explores for nickel, copper, and PGE deposits. It holds 100% interests in the West Yilgarn project that comprises 20 granted exploration licenses totaling 3,784 square kilometers in the West Yilgarn province; and the Hart Dolerite project, which comprises one granted exploration tenement that covers 374 square kilometers located in the East Kimberley province, Western Australia. Enegex Limited was incorporated in 2012 and is headquartered in South Yarra, Australia.
How the Company Makes MoneyEnegex Limited makes money primarily through the sale and installation of renewable energy systems, such as solar panels and wind turbines. Revenue streams include direct sales to customers, long-term maintenance contracts, and energy management services. Additionally, the company may receive government subsidies or incentives for promoting sustainable energy solutions. Partnerships with construction and real estate companies can also contribute to its earnings by integrating Enegex's systems into new developments.

Enegex Limited Financial Statement Overview

Summary
Enegex Limited is facing significant financial challenges. The absence of revenue growth and persistent losses are concerning. While the company has no debt, its operational inefficiencies and cash flow constraints could pose risks to future financial stability. The focus should be on generating revenue and improving operational efficiency to enhance financial health.
Income Statement
15
Very Negative
Enegex Limited shows a challenging financial position with no revenue generated in the latest period and a persistent net loss. The net profit margin is negative due to ongoing losses, and there is no revenue growth. Both EBIT and EBITDA margins are negative, indicating operational inefficiencies.
Balance Sheet
40
Negative
The company maintains a debt-free balance sheet, which is a positive aspect. However, the equity ratio is high, which shows a strong equity base relative to total assets. The return on equity is negative due to net losses, indicating inefficiencies in generating returns from equity.
Cash Flow
25
Negative
The cash flow statement reveals negative free cash flow, reflecting significant cash outflows. The operating cash flow to net income ratio is negative due to negative net income, and the free cash flow to net income ratio is also negative, highlighting cash flow challenges.
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.0050.53K0.000.000.00
Gross Profit
0.0050.53K0.00
EBIT
-576.47K-571.22K-640.11K-472.87K-202.74K
EBITDA
-582.92K-571.22K0.000.0020.06K
Net Income Common Stockholders
-894.57K-1.53M-640.10K-475.45K-202.99K
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.80M2.58M706.49K961.70K50.14K
Total Assets
2.94M3.63M2.22M1.30M215.36K
Total Debt
0.000.000.000.00130.57K
Net Debt
-1.80M-2.58M-706.49K-961.70K80.43K
Total Liabilities
246.72K101.49K181.82K143.85K264.71K
Stockholders Equity
2.69M3.53M2.04M1.16M-49.35K
Cash FlowFree Cash Flow
-818.17K-1.20M-1.71M-521.42K-195.78K
Operating Cash Flow
-362.49K-562.66K-613.64K-324.42K-75.61K
Investing Cash Flow
-413.12K-551.82K-1.09M-197.00K-120.16K
Financing Cash Flow
0.002.99M1.45M1.43M106.00K

Enegex Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.01
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
24.10
Positive
STOCH
-42.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ENX, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 24.10 is Positive, neither overbought nor oversold. The STOCH value of -42.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ENX.

Enegex Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.04B-1.15-21.37%3.64%2.88%-30.57%
AUENX
40
Neutral
AU$4.95M-60.44%-100.00%50.00%
GB88E
£13.37M-21.75%
$1.98B32.292.70%3.81%
$24.01M14.903.21%
AUSTX
45
Neutral
AU$487.37M57.35-4.01%801.92%-985.71%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:ENX
Enegex Limited
0.01
-0.01
-50.00%
GB:88E
88 Energy
1.18
-1.51
-56.13%
BEPTF
Beach Energy
0.87
-0.16
-15.53%
RDFEF
Brookside Energy
0.29
-0.21
-42.00%
AU:STX
Strike Energy Limited
0.16
-0.06
-27.27%

Enegex Limited Corporate Events

Enegex Limited Advances Exploration with New Gold Anomalies and Licenses
Apr 29, 2025

Enegex Limited has identified a promising gold anomaly at its Three Springs Project, with soil sampling results significantly exceeding regional background levels. The company has completed follow-up sampling and is awaiting results. Additionally, Enegex received final environmental approval for exploration drilling at the Rocky Ridge prospect and was granted new exploration licenses at Tampia West and Gutha. These developments highlight Enegex’s ongoing efforts to explore under-explored segments in the West Yilgarn province, potentially enhancing its industry positioning and offering new opportunities for stakeholders.

Enegex Limited Discovers New Gold Anomaly at Three Springs
Apr 15, 2025

Enegex Limited has identified a promising new gold anomaly at its Three Springs project in Western Australia. The anomaly, detected through soil sampling, covers an area greater than 1km by 0.8km with elevated gold levels significantly above regional background values. The company plans to conduct further sampling and geological mapping to better define the anomaly. Additionally, Enegex has been granted a new exploration license at Tampia West and continues to evaluate gold prospects in the West Yilgarn region, indicating a strategic focus on expanding its exploration footprint.

Enegex Limited Releases Half-Year Financial Report
Mar 13, 2025

Enegex Limited has released its half-year financial report for the period ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it offers a detailed view of Enegex’s financial health, which can impact future business decisions and market positioning.

Enegex Limited Announces Cessation of Securities
Feb 24, 2025

Enegex Limited announced the cessation of 750,000 securities under the code ENXAJ, which expired on February 22, 2025, due to the options or convertible securities not being exercised or converted. This announcement may impact the company’s capital structure and influence stakeholder perceptions regarding the management of financial instruments, although no specific implications were detailed.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.